Question 1

Can foreigners buy an apartment in Palma?

Accepted Answer

Yes, there are no legal restrictions on foreign buyers in Spain. You'll need a Spanish tax identification number (NIE) and a Spanish bank account to complete the purchase. A Spanish notary formalises the sale at the final signing.

Question 2

What do the apartments on this page have in common?

Accepted Answer

Most are apartments with a higher-end finish, often featuring a terrace or a distinct architectural style. Prices are mostly between 550,000 and 2,900,000 EUR, with living areas mostly between 80 and 190 m².

Question 3

What extra costs come with buying?

Accepted Answer

Beyond the purchase price, buyers in Spain typically face taxes, notary and land registry fees, and sometimes agency fees. It's worth discussing these with a local tax advisor early on, as exact amounts vary by property.

Question 4

Do I need a licence for holiday rentals?

Accepted Answer

Yes, letting an apartment in Palma to tourists requires a specific licence, subject to strict conditions. Not every apartment automatically holds one, so it's worth asking directly about this.

Question 5

What does 'apartment' actually mean in a Mallorcan context?

Accepted Answer

Unlike detached houses, apartments in Palma are usually part of older buildings or modern residential complexes with shared areas. Many include a lift, concierge service, or a communal rooftop terrace.

Question 6

How does the buying process generally work?

Accepted Answer

Once a price is agreed, buyers usually sign a reservation and then a private purchase contract, followed by the notarial deed. In parallel, a lawyer typically checks the land registry and any charges on the property.

Question 7

Do I need to be in Mallorca to complete a purchase?

Accepted Answer

Not necessarily — many international buyers grant power of attorney to a trusted representative or lawyer on the island. For the viewing itself, though, it's best to experience the apartment in person.

Question 8

What should I check before viewing a property?

Accepted Answer

Ask in advance about community fees, the general condition of the building, and any planned renovations. It's also worth asking about existing licences, such as for rentals, before you go.

Question 9

Are there ongoing costs after purchase?

Accepted Answer

Yes, these typically include an annual property tax, community fees set by the owners' association, and possible maintenance costs. The exact amounts depend on the individual property.

Question 10

Can I get financing from a Spanish bank?

Accepted Answer

In general, yes — Spanish banks do offer mortgages to foreign buyers, though terms vary. It's worth comparing several local banks before deciding.

Apartments in Palma

Small office in the heart of Palma for rent

Renovated Terraced House with Private Garden and Large Garage in Palma

Renovated commercial premises of 55 m² with feasibility for change of use to residential property

Renovated 104 m² Apartment with 4 bedrooms and views of the Plaza de Toros

Refurbished 152 m² flat with 4 double bedrooms in General Riera

PALMA: RENOVATED EC FLAT IN HISTORIC BUILDING

PALMA: NEW-BUILD FLAT IN PREMIUM RESIDENTIAL COMPLEX

PALMA: RENOVATED APARTMENT WITH LARGE TERRACE

PALMA OLD TOWN: DESIGNER APARTMENT IN A PRIME LOCATION

PALMA: RENOVATED DESIGN APARTMENT IN PRIME LOCATION

PALMA: AWARD-WINNING DESIGNER FLAT IN THE CITY CENTRE

PALMA: LUXURY NEW-BUILD FLAT IN DESIGNER COMMUNITY

PALMA: PRIME FRONTLINE APARTMENT WITH PANORAMIC VIEWS

PALMA: LUXURY APARTMENT OVERLOOKING THE NEW CLUB DE MAR

PALMA: EXCLUSIVE CITY APARTMENT WITH PRIVATE LIFT ACCESS IN SANT JAUME

BRIGHT APARTMENT WITH LARGE SUNNY TERRACE AND PANORAMIC VIEWS

PALMA: HIGH-END DESIGN APARTMENT WITH TERRACE IN THE HEART OF PALMA

PALMA: MODERN GROUND-FLOOR APARTMENT IN NOU LLEVANT

PALMA: MODERN APARTMENT IN THE HEART OF THE CITY

PASEO MARITIMO: EXCLUSIVE NEW FLAT DIRECTLY ON THE PASEO MARITIMO

PASEO MARITIMO: NEW FLAT WITH SPECTACULAR HARBOUR VIEW

Luxury Apartments Palma

Housing and property in Palma

Frequently asked questions